Business Wire, June 3
Mount Prospect Community and Project Partners Celebrate Grand Opening of Myers Place – a First-of-Its-Kind Supportive-Housing Development in Northwest Suburban Chicago
Community leaders, project partners and local residents today celebrated the grand opening for Myers Place, a new $13.2 million mixed-use supportive housing development located in the northwest suburbs of Chicago. UnitedHealthcare of Illinois provided $8.1 million in Low Income Housing Tax Credit (LIHTC) equity to help build Myers Place through a partnership with Enterprise Community Investment, Inc. (Enterprise), a national leader in the affordable-housing and community-development industry, which provided an additional $1.7 million in LIHTC equity for the project. Additional funding and community partners included Village Bank & Trust, which provided construction phase financing and $1 million in permanent financing, the Department of Commerce & Economic Opportunity ($100,000), the Corporation for Supportive Housing (CSH), the Housing Authority of the County of Cook, the Regional Housing Initiative and The Task Force — North/Northwest Suburban Supportive Housing for Individuals with Mental Illness.
The Wall Street Journal, June 10
AMR Corporation and US Airways Announce Board of Directors for the New American Airlines
AMR Corporation (OTCQB: AAMRQ), the parent company of American Airlines, Inc., and US Airways Group, Inc. (NYSE: LCC) today announced the members of the Board of Directors of the combined company, American Airlines Group Inc., effective after the closing of the companies’ expected merger. Denise M. O’Leary (Age 55). Ms. O’Leary has been a private investor in early stage companies since 1996. From 1983 until 1996, she was employed at Menlo Ventures, a venture capital firm, first as an associate and then as a general partner. She serves as a director of Medtronic, Inc. and Calpine Corporation. Additionally, she serves on the boards of directors of the Corporation for Supportive Housing and the Denver Foundation and is a member of the boards of trustees of the Bonfils-Stanton Foundation and the University of Denver. Ms. O’Leary served as a director of America West and AWA from 1998 to 2007 and became a member of the boards of US Airways Group and US Airways in 2005.
Lancaster Eagle Gazette, June 16
Housing Options for People with Mental Health Issues Vary Greatly
Ohio has devoted millions of state and federal dollars to transition people with severe and persistent mental illness into apartments and group homes to save money and improve the individual’s quality of life. “I think with any system like this, the resource allocation, the money allocation is always a challenge,” said Sally Luken, director of Ohio’s Corporation for Supportive Housing. But she’s optimistic that recent efforts will make a difference. “We have some really great leadership at the state level, prioritizing money for the disabled.”